ResultsBusinessLine
Higher raw material costs drag down Coromandel Q2 PAT
Negative-18Company event
GreyOak summary
Coromandel International's Q2 net profit dropped 34% to ₹523 crore due to rising raw material costs and insufficient subsidies linked to the Middle East crisis. The crop protection business grew 22%, and new capacity is expected by FY27.
What it affects
- Coromandel InternationalCOROMANDELNegative -18
Q2 profit fell 34% due to high costs.Rolling sentiment Neutral +10
Source
Read the original at BusinessLineMore Coromandel International news
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